{"podcast":{"title":"The Bitcoin Layer","slug":"the-bitcoin-layer-7070444","podcast_index_feed_id":7070444,"rss_url":"https://feeds.simplecast.com/Y2219Riv","website_url":"https://mysoundwise.com/soundcasts/1665708396190s","image_url":"https://image.simplecastcdn.com/images/31efc846-0793-410a-9634-9cbb9ab441fd/a42dcdab-5758-48ca-b40a-791279675300/3000x3000/b_black_500x500.jpg?aid=rss_feed","author":"The Bitcoin Layer","episode_count":285,"summary":"The Bitcoin Layer is a premium markets research provider, covering bitcoin through a global macro lens | Research, Analysis, & Education Featuring Nik Bhatia, author of the #1 Amazon bestseller Layered Money and USC Marshall School of Business professor. Subscribe to our research publication and YouTube channel to learn about global macroeconomics, bitcoin, Lightning Network, the monetary and financial system, the Federal Reserve, interest rates, and geopolitics. Most importantly, develop a framework for understanding global markets—connect the dots between economic and financial concepts to see the bigger picture. Look no further for your bitcoin and macro education!","last_synced_at":"2026-07-31T20:19:22.621040+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444"},"episode":{"title":"Global Macro Update: The Dollar Shortage Pushing Asia Towards Crisis","slug":"global-macro-update-the-dollar-shortage-pushing-asia-towards-crisis","published_at":"2026-07-17T12:00:00+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/global-macro-update-the-dollar-shortage-pushing-asia-towards-crisis","show_page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444","url":"https://mysoundwise.com/soundcasts/1665708396190s","audio_url":"https://cdn.simplecast.com/media/audio/transcoded/8ed6a33d-2ac9-4ae6-bdbb-334a1cbb3f52/93f29295-b98b-46ce-9822-223c512497e8/episodes/audio/group/21bca57c-4c32-49e7-b811-324bf3ef9af8/group-item/10e0fc7b-f586-4112-bfbe-3c16c806bd72/128_default_tc.mp3?aid=rss_feed&feed=Y2219Riv","summary":"In this Global Macro Update, Nik returns from teaching his summer bitcoin and AI course at USC to a market waking up after the World Cup lull. He makes the case for a global dollar shortage behind the dollar's continued strength, with stress surfacing across Asia: India's push to pull in overseas dollars, a sharp correction in Korea's KOSPI, and the Japanese yen at its weakest level since 1990. He then turns to the pressure building in hyperscaler and AI corporate bonds, Apple overtaking Nvidia as the world's largest company, and SpaceX slipping below its IPO valuation. Cooling CPI and PPI, treasury yields, gold, and where bitcoin sits in deep-value territory round out the update. The Bitcoin Layer and its guests do not provide investment advice.","meta_description":"In this Global Macro Update, Nik returns from teaching his summer bitcoin and AI course at USC to a market waking up after the World Cup lull. He makes th…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3959,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/global-macro-update-the-dollar-shortage-pushing-asia-towards-crisis/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/global-macro-update-the-dollar-shortage-pushing-asia-towards-crisis.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}